HIGH FINANCE: Near the Bell

As the showdown neared in his fight with Louis Wolfson for control of Montgomery Ward, Sewell Avery threw in his shock troops last week. Two thousand employees called on Ward stockholders, asked them to support the boss. Claimed the company: in some areas just under 90% of the stockholders backed Avery.

So far, reported Ward, the battle is going Ward's way. The first 30,000 proxy returns looked "very satisfactory" to the company, but it would not reveal how many votes these proxies represented. Still to be heard from are the institutions and corporations that control roughly half of the 6,502,378...

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